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Two employees of Khadi Gram Udyog Bhavan have been booked by the CBI for allegedly helping some officials convert "black money" to the tune of Rs 17 lakh to new notes after demonetisation.

The accused had deposited Rs 17.07 lakh in demonetised currency notes in the bank account of Khadi Gram Udyog maintained with State Bank of Bikaner and Jaipur between November 9 and December 31, in violation of instructions from the government, the agency alleged.

The manager of Khadi Gram Udyog Bhavan issued an order prohibiting acceptance of demonetised notes at its Connaught Circus store on November 9, 2016, a day after Prime Minister Narendra Modi had declared withdrawing Rs 1,000 and Rs 500 notes from circulation.

However, it surfaced that head cashiers Sanjeev Malik and Pradeep Kumar Yadav dishonestly exchanged old currency notes with new ones received through sales cashiers, the CBI FIR alleged.

Malik and Yadav in conspiracy with each other kept new currency notes with them and obtained pecuniary advantage by corrupt and illegal means, it alleged.

The FIR alleged they deposited "black money of some suspected officers in the bank accounts of Khadi Gram Udyog at State Bank of Bikaner and Jaipur, Connaught Circus Branch".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)